Table of Contents

CONTENTS: Why the 1981 Budget Mattered: the end of Naive Keynesianism; The Budget of 1981 Was Over the Top; Can 364 Economists Be Wrong?; The 364 Were Correct; The Letter from the 364 Economists -- a Dangerous and Dishonest Game; 364 Economists and Economics without Prices; Economic Policy in the Early 1980s: Were the 364 Wrong?; The 1981 Budget -- a Turning Point for UK Macreeconomic Thinking.

About the Author

Philip Booth is Academic and Research Director at the Institute of Economic Affairs and Professor of Finance, Public Policy and Ethics at St Mary's University, Twickenham. From 1 November 2016, he will be Director of Research and Public Engagement at St Mary's. Previously, he worked for the Bank of England as an advisor on financial stability issues and has been Associate Dean of Cass Business School. He has written widely, including a number of books, on investment, finance, social insurance and pensions as well as on the relationship between Catholic social teaching and economics. Philip has a BA in economics from the University of Durham and a PhD from City University.